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A view of Smith's campus c. 1900. The college was chartered in 1871 by a bequest of Sophia Smith and opened its doors in 1875 with 14 students and 6 faculty. [13] When Smith inherited a fortune from her father aged 65, she decided that leaving her inheritance to found a women's college was the best way for her to fulfill the moral obligation she expressed in her will: [14]
Barbara Pierce Bush, 1947, 43rd First Lady of the United States (did not graduate, left college in 1945 to marry George H. W. Bush) Leecia Eve , 1986, Deputy Secretary for Economic Development in the Executive Chamber of New York Governor, Senior Policy Adviser to U.S. Sen. Hillary Rodham Clinton during her 2008 primary campaign for President
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
With financial support from the Permanent Charity Fund of Boston and the National Committee for Mental Hygiene, which Southard headed, the training course began in July of 1918 with sixty-three students. [1] The course became a permanent program in 1919. [2] F. Stuart Chapin, Smith College professor of sociology, was appointed the first director.
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[1] [2] She sailed from Yokohama to Seattle in 1903 with a group of other Japanese women students, and graduated from Smith College in 1910. She is recognized as the school's first Asian student. [3] While she was at Smith, she spoke about Japanese women's lives, often dressed in a kimono, [4] to women's groups and church audiences in New England.